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In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complicated fashion. There is thus great uncertainty about the outcome of interaction of factors like technological environmental competitive etc. For instance consider a factory production schedule which has to take into account.
a. Customer demand.
b. Requirements of raw materials.
c. Equipment capacity and possibility of equipment failure and
d. Restrictions on manufacturing process
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Significance & scope of operation research in modern management
on which basis we take value in time out time in column?
methodology of operation research
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Panel Sampling Here the initial samples are down on random basis and information from these is collected on regular basis. Itis semi permanent sample where members may
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